Boenning & Scattergood, Inc. (CRD #100, West Conshohocken, Pennsylvania) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000. Without admitting or denying the findings that it reported short interest positions when it should not have reported any short interest position for these securities. The findings stated that the firm’s supervisory system did not provide for supervision reasonably designed to achieve compliance with FINRA and NASD rules regarding short-interest reporting.
This information which is publicly available on FINRA’s website has been provided by The White Law Group, LLC.
If you have questions about investments you made with Boenning & Scattergood, Inc., the securities attorneys of The White Law Group may be able to help. To speak with a securities attorney, please call the firm’s Chicago office at 312/238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at https://whitesecuritieslaw.com.
Tags: Boenning & Scattergood, Boenning & Scattergood FINRA fine Boenning & Scattergood FINRA investigation, broker fraud, FINRA, investment fraud, investor protection, securities, Securities Attorney, Securities Lawyer, short interest positions, short-interest reporting, supervisory system Last modified: July 17, 2015
